Embassy Group Sells Most Expensive Residential Home in South India

Single Level Unit Four Seasons
Private Residence at Embassy ONE Bengaluru sold for Rs. 50 Crores

Bengaluru, 12th Oct 2017 – Luxury living has a new price tag in
Bengaluru, withtheleading developer EmbassyGroup closing
the sale of one of its iconic branded Private Residences, at its flagship
luxury Integrated development - Embassy ONE.

The
30th-floor singlelevel unit of the new Four Seasons Private
Residences at Embassy ONE has been sold for a record-breaking Rs. 50 Crores,
the highest price ever fetched for a branded residence in South India.The buyer
who spends a considerable amount of time overseas has chosen to remain
anonymous and Embassy Group,as part of their buyer’s confidentiality privacy
policy,would not be disclosing the name.

Located
at the gateway to North Bengaluru, the sale of this spectacular 16,000sft 30th
floor residence is now on par with prices in the ultra-luxury market segments
in Mumbai and NCR. Bengaluru is among the top three cities to have witnessed
unprecedented growth in demand for ultra-luxury homes in the last two years. The
year-on-year growth of ultra-luxury homes in the city is at an all-time high
and the estimated total value of ultra-luxury housing projects in various
stages of construction in Bengaluru are valued at Rs 6,000 Crores.(source: JLL
report)

Developed
by Embassy Group, Embassy ONE houses lifestyle residences representing
exquisite engineering, cutting-edge design and dedicated service matching international
standards. India’s first Four Seasons Private Residences in Bengaluru, are a
part of this marquee destination.

Reeza Sebastian, Senior Vice
President, Residential Business, Embassy Group said,“We
are elated to have sold Bengaluru’s most expensive residential property. Luxury
homeowners are more specific about the legacy of brands, quality of
construction, the promise of delivery and re-assurance of continued impeccable
levels of service. The Embassy Group, Four Seasons Hotels and Resorts and
Blackstone being leaders in their own spaces, have recognized these aspirations
of residential homebuyers and partnered to create this coalescence of 109
iconic homes that are among the most desirable in the city. Embassy ONE is the
emergence of an elevated, integrated lifestyle.”

The
community of private residence owners at Embassy ONE span across industries and
countries and represent a niche lifestyle desired by many,but acquired by only
those with a true penchant for world-class hospitality within the comforts of
their curated luxury homes.

James Price, Vice President, Residential,
Four Seasons Hotels and Resortssaid, “The sale speaks ofthe value and benefits
that Four Seasons brings as a brand, and is a vote of confidence in the project.
We are excited to have partnered with the Embassy Group to create this
remarkable lifestyle opportunity in one of the fastest growing cities in the
world – Bengaluru”.

About
Embassy

Embassy is one of the leading property
developers in India with a track record of over three decades in real estate
development. Embassy has an extensive land bank across the country and has
developed over 40 million square feet of prime commercial, residential and retail
space in India as well as Malaysia and Serbia. Embassy's portfolio of real
estate developments spans the commercial, residential, industrial &
warehousing, retail and hospitality segments of the real estate industry. The
commercial real estate business includes the development of business parks, and
ten SEZ across South India including India’s first and only IGBC Platinum
Certified Business Park Campus.

Embassy Office Parks are estimated to
have generated over $20bn in exports under the STPI and SEZ schemes, since
inception. Embassy's
ongoing residential projects include luxury apartments, villas and integrated
townships. Embassy's residential projects are also designed to obtain IGBC
Green Homes gold ratings as part of the efforts towards creating sustainable
developments. More information at www.embassyindia.com

Embassy Group Sells Most Expensive Residential Home in South India
Reviewed by S. Chitra
on
October 15, 2017
Rating: 5 Embassy Group Sells Most Expensive Residential Home in South India Single Level Unit Four Seasons Private Residence at Embassy ONE B...